Associate, Asset Management

RRA Capital•Phoenix, AZ

17h

About The Position

RRA Capital is a real estate credit platform focused on structured lending and opportunistic investments. The Associate will actively manage a Phoenix portfolio of transitional and value-add commercial real estate loans, applying real estate and credit judgment throughout post-closing business plan execution, borrower requests, extensions, modifications, workouts, and resolutions. The role involves owning investments after closing and understanding both the credit and underlying real estate. In a lean team, the Associate will take on varied responsibilities across Asset Management, with opportunities to build expertise and responsibility in the function. The position requires balancing detailed underwriting and loan-document analysis with portfolio monitoring and broader investment judgment, while communicating directly with borrowers and sponsors and collaborating across internal teams.

Requirements

At least 3 years of commercial real estate experience.
Experience underwriting or managing performing commercial real estate loans.
Strong commercial real estate underwriting and financial modeling skills, including advanced Excel proficiency.
Familiarity with commercial real estate loan documents and lender protections.

Nice To Haves

Commercial real estate debt asset management, underwriting, lending, or acquisitions experience preferred.
Floating-rate bridge or transitional loan experience preferred.
Non-performing loan, workout, or equity real estate experience is a plus.
Experience underwriting multiple property types and value-add business plans preferred.
Ability to identify issues early, develop clear recommendations, take ownership, communicate directly with borrowers and sponsors, and collaborate cross-functionally.

Responsibilities

Manage a portfolio of commercial real estate loans by reviewing borrower reporting, monitoring performance against underwriting and business plans, and maintaining asset-level models and valuations.
Identify emerging credit, operational, sponsorship, and market risks; maintain risk ratings and watchlists; and recommend actions.
Review loan documents and monitor covenants, extension conditions, reserves, cash management, reporting requirements, and maturities.
Evaluate borrower requests, including extensions, modifications, draws, reserve releases, and other lender consents.
Manage borrower and sponsor relationships and prepare asset-level reporting and recommendations for senior management and investment committees.
Collaborate with Underwriting, Originations, Capital Markets, Loan Servicing, Finance, and Legal teams throughout each investment.
Support workouts, foreclosure and REO analysis, property inspections, market research, and portfolio valuations.